88 Energy Ltd (EEENF)

[AUhills]

Right now $EEENF's Merlin-1 test site is targeting an estimated 645 million barrels worth $48.4 Billion USD at oils current price of around $75 a barrel.

If positive results actually do confirm in-between 500 billion-750 billion barrels of high quality oil this would be a major discovery almost instantly adding $5billion to the market cap here as oil investors worldwide will read about the discovery. Then add another $5B-$10B if 88 Energy partners with someone to pump it themselves.

From there the sky's the limit because Merlin-1 isn't the only drill site in the 195,000 acre Peregrine Project, and the Peregrine Project isn't $EEENF's only project. You still have Icewine, Umiat, and the Yukon leases as well. 88 Energy is poised to take their business to a whole new level. In my honest opinion investors will likely be getting paid dividends here within the next couple of years.

Quote,"The company’s goal is to build a successful exploration AND PRODUCTION company that Delivers Material Benefits to its shareholders."